USDT, or Tether, is a stablecoin whose value is pegged to the U.S. dollar. It is designed to provide stability and mitigate the volatility often associated with other cryptocurrencies.

USDT is issued by Tether, a Hong Kong-based company. Tether maintains reserves that are meant to back the USDT tokens on a one-to-one basis with U.S. dollars.

How does USDT maintain its peg to the USD?

USDT maintains its peg to the USD by holding equivalent reserves in various assets such as commercial paper, cash, treasury bills, reserve repo notes, and fiduciary deposits.

What are the benefits of using USDT?

Using USDT allows users to have a stable digital asset that can be easily transferred and used for trading or storing value, while reducing exposure to the price volatility of other cryptocurrencies.

Tether has faced criticism regarding the lack of a full, independent audit of its reserves. While they have published attestations from professional accounting firms, a comprehensive audit has not been conducted.

Tether USDt (USDT) Price

$1.00

Tether USDt (USDT) Price Today

The live price of Tether USDt is $1.00 USD. In the past 24 hours, the trading volume of Tether USDt was $44.9B USD, with a change of 0%. The current live price of Tether USDt has changed by -0.08% from its 7-day high of $1.00 USD and by +0.10% from its 7-day low of $0.99 USD. With a circulating supply of $157,003,724,943.06 USDT, the market cap of Tether USDt is currently $155.4B USD, marking a 0% change in the last 24 hours. Tether USDt currently ranks 3 by market capitalization.

Tether USDt (USDT) Market Data

Market Cap

$155.4B

24h Volume

$44.9B

Circulating Supply

157B USDT

Maximum Supply

Fully Diluted Market Cap

$157B

Liquidity Indicator

28.92%

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About Tether USDt (USDT)

What Is Tether (USDT)?

Tether (USDT) is a stablecoin—a type of cryptocurrency designed to maintain a stable value by pegging its price 1:1 to the U.S. dollar. This means 1 USDT is intended to always equal 1 USD. It's issued by Tether Limited, which claims that every USDT token is backed by equivalent reserves held in cash, Treasury bills, and other assets.

USDT is widely used across the crypto ecosystem for trading, remittances, and payments, offering users the benefits of cryptocurrency (like fast, borderless transactions) without the high volatility of typical crypto assets. It’s available on multiple blockchains, including Ethereum (ERC-20), Tron (TRC-20), and Solana, making it highly accessible and versatile.

On BingX, you can easily buy, sell, or trade USDT with top security and 24/7 support.

How Does Tether (USDT) Stablecoin Work?

Tether (USDT) maintains a 1:1 peg to the U.S. dollar through asset-backed reserves. For every USDT issued, Tether Limited claims to hold an equivalent amount in cash, cash equivalents, or short-term U.S. Treasury bills. These reserves are meant to ensure that users can redeem 1 USDT for 1 USD at any time.

USDT is issued on multiple blockchains such as Ethereum (ERC-20), Tron (TRC-20), Solana, Polygon, and others. This allows users to transfer and use USDT across different crypto ecosystems with fast, low-cost transactions. Because of its price stability and broad acceptance, USDT is commonly used as a trading pair, hedging tool, and store of value in the crypto world.

What Determines the Price of Tether (USDT)?

Tether (USDT) is a stablecoin, so its price is designed to stay as close to $1 USD as possible. The main factor that keeps USDT at this peg is confidence in its 1:1 backing with U.S. dollar reserves. When users believe Tether Limited holds enough real-world assets to redeem every USDT token, the price stays stable.

However, short-term price fluctuations can happen due to market demand and supply, especially during high volatility in crypto markets. If demand for USDT spikes, for instance, during market crashes when traders seek stability, its price may briefly rise above $1. Conversely, if trust in its backing weakens, the price might dip slightly below $1 until confidence is restored. Arbitrage traders and large exchanges usually help bring the price back to its peg.

When Was Tether's USDT Stablecoin Launched?

Tether (USDT) was originally launched in October 2014 under the name Realcoin by co-founders Brock Pierce, Reeve Collins, and Craig Sellars. It was later rebranded to Tether to reflect its core function: “tethering” a cryptocurrency to a stable asset—namely the U.S. dollar.

Tether was built to solve one of crypto’s biggest problems: price volatility. By issuing a token backed 1:1 by real-world assets, Tether allowed traders to move in and out of crypto markets quickly without converting back to fiat. In 2015, USDT was first launched on the Bitcoin blockchain via the Omni Layer, and later expanded to other blockchains like Ethereum, Tron, and Solana to improve transaction speed and scalability.

Despite facing regulatory scrutiny and transparency concerns over the years, Tether has remained the largest and most widely used stablecoin, with a market cap exceeding $144 billion as of April 2025. The company now publishes regular reserve reports and works closely with global regulators to improve trust and compliance.

What Is USDT Used for?

Tether (USDT) is primarily used as a stable digital currency that mirrors the value of the U.S. dollar. It serves multiple purposes in the crypto ecosystem:

• Trading: USDT is the most commonly used stablecoin for buying and selling cryptocurrencies. Its stable value makes it an ideal base pair for spot and futures trading.

• Hedging: Investors use USDT to protect against market volatility by parking their assets in a non-volatile token.

• Payments & Transfers: USDT enables fast, low-cost cross-border transactions without the need for traditional banks.

• DeFi & Yield Farming: It's widely used in decentralized finance for lending, borrowing, and earning yield through liquidity pools.

How to Use USDT on BingX

On BingX, you can:

• Trade USDT in various markets including spot, futures, and copy trading.

• Deposit or withdraw USDT easily across supported blockchains like TRC-20 and ERC-20.

• Convert other cryptocurrencies into USDT to lock in profits or prepare for your next trade.

• Use USDT as collateral for margin and futures trading with enhanced flexibility.

With a user-friendly interface and real-time market data, BingX makes managing your USDT simple and efficient.

What Is a USDT Payment?

A USDT payment is a digital transaction where Tether (USDT) is used to send or receive funds instead of traditional currencies like the U.S. dollar. Since USDT is a stablecoin pegged to USD, it allows users to make fast, low-cost payments with the price stability of fiat and the speed and accessibility of cryptocurrency.

USDT payments are commonly used for:

• Cross-border transfers without banks or intermediaries

• Paying for goods and services online or in-store

• Settling trades on crypto exchanges

• Freelance and business transactions in regions with limited banking access

You can send USDT via wallets or exchanges like BingX, using networks such as Tron (TRC-20) or Ethereum (ERC-20), depending on speed and fees.

Why Is USDT Popular Among Traders and Investors?

Tether (USDT) is popular because it offers price stability in a highly volatile crypto market. Since USDT is pegged to the U.S. dollar, it acts as a safe haven during market downturns, allowing traders to move quickly between cryptocurrencies and a stable asset without converting back to fiat.

It’s also widely accepted across exchanges and DeFi platforms, making it a universal trading pair. With fast, low-fee transactions on blockchains like Tron and Ethereum, USDT is ideal for everything from spot and futures trading to lending, borrowing, and remittances. This combination of stability, liquidity, and utility makes it a core asset in nearly every crypto portfolio.

What Blockchains Support Tether (USDT)?

Tether (USDT) operates on multiple blockchains to ensure fast, affordable, and widely accessible transactions. As of April 2025, USDT is available on Ethereum (ERC-20), Tron (TRC-20), Solana, BNB Smart Chain (BEP-20), Polygon, Avalanche, Arbitrum, Optimism, and several others. This multi-chain support allows users to transfer USDT efficiently across different ecosystems, making it highly versatile for trading, DeFi, payments, and cross-border transfers.

How Does USDT Differ From Other Stablecoins, Like USDC?

USDT and USDC are both stablecoins pegged to the U.S. dollar, but they differ in issuer transparency, adoption, and reserve management. USDT is issued by Tether Limited, while USD Coin (USDC) is managed by Circle (in partnership with Coinbase). USDC is often seen as more transparent, providing regular audits and real-time reserve disclosures. In contrast, Tether has faced scrutiny in the past but now publishes quarterly reserve reports and maintains strong market dominance.

USDT is also more widely used in trading and cross-border transfers, with a larger market cap and support across more blockchains. Meanwhile, USDC is more common in regulated DeFi applications and among institutional users due to its U.S.-compliant structure and clearer reserve backing.

Is Tether's USDT Safe and Fully Backed?

Tether (USDT) is designed to be fully backed, with each token representing one U.S. dollar held in reserves. Tether Limited claims that USDT is supported by a mix of assets, including U.S. Treasury bills, cash equivalents, and secured loans. The company publishes quarterly assurance reports to provide transparency into its reserve holdings.

While USDT is widely used and trusted across the crypto industry, it has faced past scrutiny over its reserve practices and regulatory compliance. In recent years, Tether has strengthened its transparency and now collaborates with law enforcement and regulatory agencies globally. For most users, USDT is considered safe for trading and transactions, but it's always smart to monitor official updates and reserve reports for added assurance.

How to Store USDT Tokens Securely

To store USDT securely, you should use a reliable crypto wallet that supports the blockchain your USDT is on (e.g., ERC-20, TRC-20, BEP-20). Here are your main options:

Hardware Wallets (Best for Long-Term Security)

Devices like Ledger or Trezor store your USDT offline, protecting it from hacks and malware. This is the safest option for large holdings.

Software Wallets (Best for Accessibility)

Apps like Trust Wallet, MetaMask, and Atomic Wallet allow you to store USDT on your phone or desktop. Make sure to back up your recovery phrase and use strong passwords.

Exchange Wallets (Best for Active Trading)

If you trade frequently, you can store USDT directly on exchanges like BingX. Use 2FA (Two-Factor Authentication) and withdrawal whitelists to enhance security.

Pro Tips:

• Always double-check the network (ERC-20, TRC-20, etc.) before transferring USDT.

• Never share your private keys or seed phrases.

• Consider using a cold wallet for long-term storage and a hot wallet for daily transactions.

Information source

Official Website

Whitepaper

Tether USDt (USDT) Price Converter

USDT to USD

1 USDT = $ 1.00

USDT to VND

1 USDT = ₫ 26,080.15

USDT to EUR

1 USDT = € 0.86

USDT to TWD

1 USDT = NT$ 29.55

USDT to IDR

1 USDT = Rp 16,299.94

USDT to PLN

1 USDT = zł 3.69

USDT to UZS

1 USDT = so'm 12,718.48

USDT to JPY

1 USDT = ￥ 144.13

USDT to RUB

1 USDT = ₽ 79.82

USDT to TRY

1 USDT = ₺ 39.39

USDT to THB

1 USDT = ฿ 32.39

USDT to UAH

1 USDT = ₴ 41.52

USDT to SAR

1 USDT = ر.س 3.75

Tether USDt Price Converter

How to Buy Tether USDt (USDT)

Create & Verify Your Account

Create a free BingX account using your email or phone number, set a strong password, and complete identity verification (KYC) by submitting your personal details and a valid photo ID.

Fund Your Account

Choose a payment method—bank account, card, or more—to deposit funds into your BingX account.

Trade Now

Now that your account is funded, you can seamlessly trade Tether USDt USDT and other cryptocurrencies while exploring BingX’s diverse trading features!

How to Buy USDT Guide

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Frequently Asked Questions about Tether USDt (USDT)

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Disclaimer:

Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.

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Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.

For more detailed information, please refer to our Risk Disclosure Statement.

Disclaimer:

By accessing and using this platform, you agree to comply with our Terms of Use.

For more detailed information, please refer to our Risk Disclosure Statement.